Nifty reclaimed 25,200, closing above its 20-day EMA and forming a bullish candle with rising volume. SEBI RAs say a sustained move above 25,250-25,300 may trigger a rally toward 25,400-25,500. Derivatives data shows heavy positioning around 25,200, while support remains firm at 25,000. With VIX near 15-month lows, analysts remain moderately bullish ahead of expiry.